Two firms get $1.65b Adnoc contracts
Of the total award value, 70% will flow into UAE’s economy
Of the total award value, 70% will flow into UAE’s economy
The Abu Dhabi National Oil Company (Adnoc) yesterday announced the award of two contracts for the construction of offshore facilities for the Dalma gas project located about 190 kilometres northwest of Abu Dhabi city.
The two contracts have a total value of over $1.65 billion (Dh6.06 billion) and were awarded to Petrofac Emirates LLC (Petrofac) and a joint venture between Petrofac and Sapura Energy Berhad (Sapura Energy) through its subsidiary’s branch office in Abu Dhabi. Both contracts are expected to be completed in 2022 and will enable the Dalma Gas Development
project to produce around 340 million standard cubic feet per day (mscfd) of natural gas. Of the total award value, 70 per cent will flow into the UAE’s economy under Adnoc’s In-Country Value (ICV) programme, reinforcing the company’s commitment to maximising value for the UAE.
‘Strategic collaboration’
“This award marks another important milestone in the development of the Ghasha concession which is an integral component of our strategy to achieve gas self-sufficiency for the UAE,” said Yaser Saeed Al Mazroui, executive director of
Adnoc’s Upstream Directorate.
“Petrofac and Sapura Energy were selected to deliver this crucial project after an extremely competitive and rigorous tender process that ensures that 70 per cent of the award value will flow into the UAE’s economy,” he said.
Under the terms of the first package, valued at $591 million (Dh2.17 billion) and awarded to a joint venture between Petrofac and Sapura Energy, the joint venture will execute the engineering, procurement and construction of four offshore wellhead towers, pipelines and umbilicals in Hair Dalma, Satah, and Bu Haseer fields.
For the second contract, valued at $1.065 billion (Dh3.9 billion) and awarded to Petrofac, the contractor will carry out engineering, procurement and construction of gas conditioning facilities for gas dehydration, compression and associated utilities in Arzanah Island.